Kraken news

Established in 2011, USA. No. of pairs - 56. Fiat - Euro, Canadian dollars, US dollars, British pounds and Japanese yen. Centralized exchange.

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Flashcrash! BTC Drops (and Rises) 1000$ on Kraken in 5 Minutes

BTC never cease to surprise us. A new flashcrash happened a few hours ago, this time in the Bitcoin market of the popular Exchange Kraken (XBT). In less than 5 minutes, BTC lost more than $1000 of its value. The peculiar event took place on April 25, 2019 at 16:45. The price dropped from 5465.3 USD to 4357.1 USD, filling a large number of purchase orders at unusually low prices. During those 5 minutes, more than 1500 BTCs were moved. After this immediate sale, the price returned to its normal cost, closing the 5-minute candle at 5452.9 USD. BTC at 5min Candles. Graph Tradingview The event left several traders and enthusiasts somewhat puzzled. While some commented on their luck, others took advantage of the situation to recommend calm. One of the “lucky ones” was Crypt0mer who simply shared the chart. He probably had some buying orders well below the current price as an investment strategy. I'm one lucky motherf*cker! #Kraken#Bitcoin #BTC $BTC— CƦYP₮ΘɱΞƦ ⚡️🚀 (@Crypt0mer) April 25, 2019 Among the prudents is the Latin trader SenseiTrailex, who explained that there was no need to fear these unusual falls but stressed that it is important to be cautious in a market that is still establishing its volatility. And this is why i was cautious with this market at this moment. check this scam wick on $BTC $XBT at #kraken!— SenseiTrailex (@SenseiTrailex) April 25, 2019 These kinds of events have happened on other occasions. The explanations can range from bad bot programming to simple human errors. Another cause can be the quick entry or exit of a whale, placing big market sell orders to get money immediately. Until now, it remains unknown who could be responsible for setting the order, so we can only speculate about the causes behind this strange incident. A few days ago, a similar event occurred at Binance. On April 17, 2019, at 8:52 am, Waves suffered a close drop of 99% of its value, going from costing 5070 Sats to 10 satoshis. Immediately thereafter, the token rose 5000% to be placed close at 5078 Satoshis per token. Waves at 1min Candles. Graph Tradingview In addition to several coordinated Pumps and Dumps, generally in low volume coins, it is crucial to note that as with the case of BTC, the most important alts are also the object of this type of events. A notable example was when ETH lost almost 90% of its value, going from about $100 to a price close to $13 on December 6, 2018. The post Flashcrash! BTC Drops (and Rises) 1000$ on Kraken in 5 Minutes appeared first on Ethereum World News.
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Cheap BTC: Bitcoin Suddenly Drops $1,000 On Kraken Exchange In a Flash Crash

In a flash crash event, bitcoin plummeted in price on Kraken today. Crypto’s largest asset quickly rallied, however, providing one massive lower candle wick for price action. Bitcoin dove more than $1,000 on Kraken’s crypto exchange on April 25, as seen in the chart below. The price provided a catastrophic wick, from around $5,400, down to levels near $4,400, and subsequently rallied right back up to a normal trading range. The whole whiplash event occurred within five minutes or so, involving a trading volume of more than 1,000 Bitcoin in that period, as can be seen on the following 30-minute candle chart. The severe drop in price may have triggered traders’ stop-loss zones, causing trade closures and losses. Some traders, however, may have caught lucky breaks, snagging a few low price bids. Twitter user Crypt0mer claimed to have hit a couple of excellent BTC trade entries from the event. Long History of Flash Crash Events On April 17, a similar event occurred on Binance for Waves cryptocurrency. The asset dropped a staggering 99.9% within a single hourly candle, according to CryptoPotato’s coverage on the news. Additionally, Kraken itself saw another similar event back on September 4 of 2018, with Ethereum falling more than $40 in an instant. The exchange saw 18,000 ETH sold and bought within one minute. December 6, 2018, also saw an Ethereum flash crash on Coinbase Pro when the asset dropped from around $100, down to $13.05, and then back upward again, as reported by CryptoPotato. Another view, the daily chart Such flash crash events can have many causes, ranging from bot trading to big players hitting large market orders. However, there is always a positive side: Think of the ones who had low orders on Kraken’s order book who made a quick 22% on their filled positions. As mentioned in our crypto trading tips, sometimes it’s wise to leave low orders. The post Cheap BTC: Bitcoin Suddenly Drops $1,000 On Kraken Exchange In a Flash Crash appeared first on CryptoPotato.

Kraken Divorces BSV, Follows Binance by Disabling Bitcoin SV Deposits on its Exchange

BSV token might have gained some pace in terms of a price rally, but the delisting saga continuous. Now, Kraken the cryptocurrency exchange has decided to disable BSV token deposits on its platform. The delisting saga began with Binance who announced that they have decided to delist BSV token form all its platforms and services […]
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Kraken disables Bitcoin SV deposits; BSV community should denounce ‘frivolous lawsuits,’ says Jesse Powell

Even as Bitcoin Satoshi’s Vision [BSV] continues to trade well on market charts, troubles for the controversial fork coin continue to add up. In a recent development, Kraken announced that it was disabling Bitcoin SV on its exchange platform. The official tweet read, “Bitcoin SV [BSV] deposits are now disabled. Deposits currently pending will be credited shortly. If you send funds in now, you may not be credited until after trading is disabled on April 29th. Please withdraw all BSV by May 31st, 2019.” While responding to a Bitcoin SV supporter who questioned whether the Ripple “lawsuit” prompted the exchange platform to delist its native token XRP, Jesse Powell, Kraken’s CEO, clarified that Ripple never filed a lawsuit against the platform. He termed the squabble as a “personal dispute,” adding that XRP was already listed at that time. Powell also tweeted that he wished the BSV community was more “outspoken” to denounce the “frivolous lawsuits” filed by community leaders against Kraken. Many BTC proponents also called out another Bitcoin hard fork, BCH, to be delisted from the platform in Kraken’s original Twitter thread. This move stemmed from last week’s announcement by the San Francisco-based exchange. Kraken, in an official blog post, had revealed its plans to delist BSV after taking into consideration the over 70,000 users on its platform. The exchange platform claimed that the coin’s team was involved in fraudulent claims and was threatening on social media platforms. Taking legal action against individual members of the community who held dissenting opinions from the BSV bunch was however, the “last straw.” The blog concluded by stating, “There is no room for bad actors.” The unified delisting call from the crypto community was spurred by Craig Wright’s lawsuit against the #LNTrustChain initiator, Hodlonaut and Bitcoin proponent, Peter McCormack. The post Kraken disables Bitcoin SV deposits; BSV community should denounce ‘frivolous lawsuits,’ says Jesse Powell appeared first on AMBCrypto.

Cryptocurrency Exchange Kraken Lists Cosmos’ ATOM Digital Token

Cryptocurrency exchange Kraken on April 21, 2019, announced that it has listed Cosmos (ATOM), a proof-of-stake digital currency that utilizes the Tendermint consensus protocol. Kraken’s users will now be able to buy, sell, and store ATOM digital tokens. Kraken Lists ATOM After following Binance and other exchanges in delisting the controversial cryptocurrency Bitcoin SV (BSV),Read MoreRead More. The post by Aisshwarya Tiwari appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News\
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Kraken, Bitmain Seek Dismissal in Bitcoin Cash-Fueled UnitedCorp Case

By CCN: Both Kraken and Bitmain have asked a federal court in Florida to dismiss a lawsuit against them brought by UnitedCorp, the news of which CCN broke back in December. The UnitedCorp lawsuit, broadly speaking, accuses Bitmain, Kraken, and others in concert with Roger Ver of conspiring to manipulate the Bitcoin Cash price and deviate from network consensus by “winning” the hash war. Were Bitmain and Acting Illegally During the Bitcoin Cash Hash War? The most exciting aspect of the lawsuit is that it asks the court to consider whether Bitmain and others violated the public trust by The post Kraken, Bitmain Seek Dismissal in Bitcoin Cash-Fueled UnitedCorp Case appeared first on CCN
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Kraken news by Finrazor


Zcash unveiled an already fixed vulnerability, US presidential candidate McAfee the debtor, QuadrigaCX seeking protection and justice, Kraken's new partnership, evidence of BTC decentralization improvements, rumors as for Bakkt, a bunch of news from Ripple and Telegram TON updates

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Group-IB, a Moscow-based cybersecurity firm, has developed a ranking system to grade cryptocurrency exchanges by the level of safety they offer clients. It ranks Kraken as the safest exchange. Then there go Bittrex and Coinbase Pro. Binance, Bitfinex, Bithumb, Bitmex, Localbitcoins, Myetherwallet and Poloniex are on the list of safe exchanges as well. OKEx, Huobi Pro, and Coincheck are among the least safe exchanges


Meh: Yet No Hidden Reason For Fluctuations Here

Turkish stock exchange applies blockchain, Belgium offers ICO regulation, new deadline for Visa crypto cards issue, Greek's big plans for BTC-ATMs, an opinion of representative from the Royal Bank of Canada on Goldman Sachs's policy, and Kraken's assurances on its stability

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Under Attack

Attacks concerning on wallets and cryptocurrency exchanges is becoming the standard of the industry. Everything is vulnerable — from huge market-monsters to new projects, and sometimes it seems that it is better not to trust anyone at all.

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Hot news

Hot world news

Biggest weekly losers: XRP, Litecoin [LTC], Stellar Lumens [XLM] fall by 10%; market tanks after Bitfinex-Tether fiasco

The market saw prices of most major cryptocurrencies soar earlier this week. However, the weekend has led to a new turn of events as coins are now being dragged into bearish territory. Among the top-10 coins, the five cryptocurrencies that saw the biggest fall were Stellar Lumens [XLM], EOS, Cardano [ADA], XRP, and Litecoin [LTC]. The fall in prices was a result of the Bitfinex-Tether fiasco. New York State’s Attorney General’s [NYAG] office revealed that iFinex, the company behind the crypto-exchange Bifinex, may be violating New York Law. This announcement was in relation to activities that “may have defrauded” local investors who trade in cryptocurrencies. Stellar Lumens [XLM] Source: Trading View Stellar Lumens [XLM] was valued at $0.1158 on April 20 and fell by 14.68% over the week. At press time, the coin was valued at $0.0990 with a market cap of $1.88 billion. The 24-hour trading volume was noted to be $276 million, as the coin fell by 4.50% over the past day and continued to dip by 0.43% within the past hour. EOS Source: Trading View EOS, at the beginning of the week was valued at $5.47, after which it fell by 13.97% over the past seven days. At press time, the coin was valued at $4.70, with a market cap of $4.43 billion. The 24-hour trading volume of the coin was $2.62 billion as it fell by 1.91% over the past day. The coin, at press time, was falling by 0.14% and failed to recover. Cardano [ADA] Source: Trading View Cardano [ADA] fell by 13.41% over the week, which resulted in its price falling from $0.0769 to $0.0690. The market cap of the coin was reported to be $1.78 billion and the 24-hour trading volume was $108 million. Over the past 24-hours, the coin fell by 4.47% and continued to fall by 1.35% within the past hour. XRP Source: Trading View At the beginning of the week, XRP was valued at $0.3325, after which it slipped by 11.88% and, at press time, was valued at $0.2929. The market cap of the coin was noted to be $12.30 billion and the trading volume of the coin was $1.36 billion. XRP fell by 2.49% over the past day and by 0.50% over the past hour. Litecoin [LTC]  Source: Trading View Litecoin [LTC] noted a fall of 10.79% over the past week, which reduced the price of LTC from $81.33 to $72.64. The market cap of the coin was $4.46 billion with a 24-hour trading volume of $3.15 billion. The price of the coin fell by 0.77% over the past 24-hours and by 0.94% within an hour. The post Biggest weekly losers: XRP, Litecoin [LTC], Stellar Lumens [XLM] fall by 10%; market tanks after Bitfinex-Tether fiasco appeared first on AMBCrypto.

Bitfinex: $850M Lost Tether ‘False Assertion’

Following the New York Attorney General’s accusations of a $850M cover-up by Bitfinex, the company has issued its response. Binfinex refutes the claims as ‘riddled with false assertions’ and that the funds are not lost.  The Cover-Up Claims According to the NY Attorney General’s claim, Bitfinex lost $850 million of customer money. This had been sent to, and seized by payment processing firm, Crypto Capital Corp. The allegation goes on to say that Bitfinex used cash reserves from affiliated stablecoin, Tether, to cover the shortfall. The AG, Letitia James, claims this ‘loss of funds’ and movement of reserves was not disclosed by operator of both Bitfinex and Tether, iFinex. Therefore, it had “engaged in a cover-up to hide the apparent loss of $850 million of co-mingled client and corporate funds.” At press time, the price of USD Tether 00 has fallen bellow its $1 peg. Meanwhile, its stablecoin competitors such as USD-Coin 00  and TrueUSD 00 are now trading at a slight premium. This suggests that investors are likely swapping their tethers  to avoid any further surprises. Worth noting, Bitcoinist reported yesterday that the supply of tethers has reachd an all-time high. ‘Bitfinex and Tether are Financially Strong’ Bitfinex responded today by claiming that the AG’s filings: …were written in bad faith and are riddled with false assertions, including as to a purported $850 million “loss” at Crypto Capital. It claimed that these funds were not lost, but had “been, in fact, seized and safeguarded,” and it was actively working to get those funds released. It went on to chastise the AG for not doing more to aid and support its recovery efforts. Both Bitfinex and Tether are financially strong – full stop. And both Bitfinex and Tether are committed to fighting this gross overreach by the New York Attorney General’s office against companies that are good corporate citizens and strong supporters of law enforcement. Bitfinex and Tether will vigorously challenge this, and any and all other actions, by the New York Attorney General’s office. The Double Standards Caitlin Long pointed out on Twitter, that even if the allegations were true, the NY AG was guilty of double standards. From 2009-12, Merrill Lynch, according to the SEC: commingled customer funds, used them to cover its own obligations, & had it failed its customers would have been exposed to a “massive shortfall in the reserve account.” Which is essentially what the AG is accusing iFinex of. But whilst the SEC dealt with the Merrill Lynch case without causing panic and customer withdrawals, the move by the AG has sparked just that for iFinex. 7/ So…#NewYork did good investigative work here but needs to be called to task on why the double standard, and why the "gotcha" approach? Why not do the same to #WallSt firms when they play similar shell games??? — Caitlin Long (@CaitlinLong_) April 26, 2019 She also urged exchanges to clean up their acts regarding transparency and proof of solvency, to avoid such situations. The Problem? The Attorney General’s filing, asserts that the Tether funds were extended as a line of credit, over three years, with a 6.5% interest rate. An iFinex share charge, of 60,000,000 shares, secured the loan. Entrepreneur and commentator, Alistair Milne, Tweeted the situation rather succinctly, concluding that, as long as “Bitfinex trades profitably, no problem.” TL:DR the Tether/Bitfinex news:Bitfinex have borrowed ~700mil from TetherBitfinex pay a 'fair' interest rate on this loan60million shares in Bitfinex were pledged as collateralIf CryptoCapital release the USD, no problemIf Bitfinex trades profitably, no problem — Alistair Milne (@alistairmilne) April 25, 2019 Which brings us back to transparency and disclosure. If iFinex told customers and investors about this alleged ‘seizure’ and ‘loan’, then would they now have a problem? And is the AG’s ‘gotcha’ approach really warranted in any case? Is the NY Generaly Attorney acting in ‘bad faith’? Share your thoughts below! Images via Shutterstock The post Bitfinex: $850M Lost Tether ‘False Assertion’ appeared first on

New York Attorney General’s Office Accuses Bitfinex Of Covering $850 Million Losses Using Tether Funds

If you are our BitcoinExchangeGuide’s regular reader. You should already know about the shady connection between Bitfinex and Tether. This Thursday, a document by the New York Attorney General’s (NYAG) office revealed that iFinex, the company behind both Tether (USDT) and Bitcoin exchange Bitfinex, is being sued. In the press release, the attorney general Letitia […]
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